PIB TIP: KEEP A NOTEBOOK WITH YOUR RECEIPT ENVELOP

 

PIB TIP: KEEP A NOTEBOOK WITH YOUR RECEIPT ENVELOPE. The notebook will be used to record those expenses for which you can’t obtain a receipt, such as for a truck wash at a coin-operated facility or personal use of your auto. You should give a record of these expenses to your business services provider monthly, along with other expenses. You must track the date, location, amount and purpose of each expense in your log to meet Internal Revenue Service rules. The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm, and is sponsored by the load-matching service TruckersEdge, powered by TransCore DAT, and Schneider National Inc.

The Business Manual for Owner-Operators
Overdrive editors and ATBS present the industry’s best manual for prospective and committed owner-operators. You’ll find exceptional depth on many issues in the 2022 edition of Partners in Business.
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